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Is IQDAX a secure place to trade cryptocurrency?
The funds are segregated
IQDAX is regulated by the Vanuatu Financial Services Commission (VFSC), and is therefore required to adhere to stringent accounting and risk management standards.
All client capital not being stored in hot wallets and used for margin purposes will be fully segregated into cold wallets or a special client bank account which is kept separate from IQDAX operational funds.
A cold storage wallet is a type of wallet that is not connected to the internet and is used to store crypto assets. As a result, funds held in cold storage wallets are inaccessible. In contrast, hot storage wallets have a direct connection to the internet and the platform's servers.
Importantly, in the event of our company's bankruptcy, client deposits will not be used to repay creditors.
IQDAX is regulated by the Vanuatu Financial Services Commission (VFSC), and is therefore required to adhere to stringent accounting and risk management standards.
All client capital not being stored in hot wallets and used for margin purposes will be fully segregated into cold wallets or a special client bank account which is kept separate from IQDAX operational funds.
A cold storage wallet is a type of wallet that is not connected to the internet and is used to store crypto assets. As a result, funds held in cold storage wallets are inaccessible. In contrast, hot storage wallets have a direct connection to the internet and the platform's servers.
Importantly, in the event of our company's bankruptcy, client deposits will not be used to repay creditors.
